Yes, the bank would effectively pay you to borrow money. But negative interest rates won’t please savers, nor will they meet the big challenges of economic recovery.
Peter Martin, Crawford School of Public Policy, Australian National University
The most important change is a guarantee about the future, one the RBA can be held to.
Far from saving for a rainy day, governments are seriously indebting our children and future generations due to profligate overspending.
Ben Wicks/Unsplash
Canadian governments are failing to treat future citizens fairly by saddling them with huge debt. What policies should Canadian governments enact that offer greater fairness to future generations?
The economic status of Black Americans hasn’t changed since the Fed was handed its mandate in 1977. Could targeting Black unemployment, encouraging credit and reporting discrepancies narrow the gap?
South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19.
Gallo Images/Brenton Geach
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
We’re running out of interest rates to cut to keep the economy from sinking. Before the next recession occurs, we need to come with an effective approach to monetary policy.
The days of using interest rates to keep the wheels on are at an end.
In a speech on Wednesday night, Morrison will insist this bring-forward does not mean the government is panicking about Australia’s economic conditions.
Lukas Coch/AAP
Following increasing calls for stimulus to be injected into the economy, the government will outline an infrastructure bring-forward of A$3.8 billion over the next four years.
Would the economy be in better shape if the RBA had cut interest rates sooner?
AAP Image/Bianca De Marchi)
The Reserve Bank of Australia says it’s prepared to ease monetary policy further if needed to stimulate the economy. But is the policy working when interests rates are so low?
This is what a financial crisis looks like on Wall Street.
AP Photo/Richard Drew
The Fed cut rates for the third time in as many months – something practically unheard of in a strong economy.
This week’s Essential poll showed 56% of voters would prioritise stimulating the Australian economy over getting back to budget surplus.
Mick Tsikas/AAP